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About the Secretary

Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017. As Secretary of the Treasury, Mr. Mnuchin is responsible for the executive branch agency whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity and stability at home and abroad.

Resource Center

Terrorism Risk Insurance Program

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On
November 26, 2002, the President signed into law the Terrorism Risk Insurance
Act of 2002 (Pub. L. 107–297, 116 Stat. 2322) [TRIA]. TRIA created a temporary federal
program that provides for a transparent system of shared public and
private compensation for certain insured losses resulting from a certified
act of terrorism. The Secretary of the Treasury administers the program with
the assistance of the Federal Insurance Office.

On
December 22, 2005, the President signed into law the Terrorism Risk
Insurance Extension Act of 2005 (Pub. L. 109-144, 119 Stat. 2660) [TRIEA 2005]. TRIEA extended TRIP through December 31,
2007.

On
December 26, 2007, the President signed into law the Terrorism Risk Insurance
Program Reauthorization Act of 2007 (Pub. L. 110-160, 121 Stat. 1839) [TRIPRA 2007] which further extended TRIP through
December 31, 2014.

On
January 12, 2015, the President signed into law the Terrorism Risk Insurance
Program Reauthorization Act of 2015 (Pub. L. 114-1, 129 Stat. 3) [TRIPRA 2015], which amends the expiration date of TRIP to December 31,
2020.

On
December 7, 2016, Treasury published an interim final rule regarding the
process of certifying an act of terrorism.On December 21, 2016, an additional final rule was published as part of
Treasury’s implementation of changes to the Program required by TRIPRA
2015.Treasury’s regulatory actions
and interpretive letters are contained on this website.